CORPORATE GOVERNANCE

GOVERNANCE
STRUCTURE

The Board of Directors of Bank One Limited (the “Bank”) is responsible for the overall stewardship of the Bank, within a sound corporate governance framework which ensures ethical business conduct across all aspects of the Bank’s operations and decision-making processes, with the objective of enhancing shareholders’ value while having regard to stakeholders at large. Given the shareholding structure and size of the Bank, there is a right mix both in terms of the categories (Executive, Non-executive and Independent) and skills of its directors.

Ms. Sandra Martyres was re-appointed as Chairperson of the Board by the shareholders on 18 April 2019, to hold office until the conclusion of the next AMS.

Mr. Ignacio Serrahima Arbestain was appointed as Independent Director on 16 April 2019.

Mr. Paul E. Leech was appointed as non-executive Director on 26 June 2019

SHAREHOLDING STRUCTURE
AND SHAREHOLDERS

Following a rights issue of shares made during the year, Bank One Limited’s share capital stood at MUR 1,156,456,000, represented by 11,564,560 ordinary shares of no par value, held equally between CIEL Finance Limited and I&M Holdings PLC.